IGJS Dubai: Driving 20% Boost in Indian Jewellery Exports

The International Gem and Jewellery Show (IGJS) in Dubai, organized by the GJEPC, is anticipated to boost Indian jewellery exports to the UAE by 20% in 2024. The India-UAE CEPA agreement enhances growth opportunities, despite challenges in global markets, with increasing demand from Middle Eastern nations.

The International Gem and Jewellery Show (IGJS) in Dubai is set to significantly impact India's jewellery exports, according to the Gem and Jewellery Export Promotion Council (GJEPC). The event has projected a 20% increase in exports to the UAE for the forthcoming year.

The exhibition, underpinned by the India-UAE CEPA agreement, is now a pivotal event in the region. In 2023, it helped India's jewellery exports to the UAE reach USD 8 billion, driven by demand for both plain gold and studded jewellery, said GJEPC vice-chairman Kirit Bhansali.

While global markets like the USA and China are experiencing reduced demand, the Middle Eastern markets, such as Saudi Arabia and Kuwait, show rising interest. IGJS Dubai has been instrumental in catering to these evolving needs, with participation from over 30 manufacturers and attracting 300 international buyers.

(With inputs from agencies.)